Mises Wire

While socialists complain about AI, at least some believe that it can engage in economic planning, thus bypassing the Hayekian knowledge problem.

“Libertarian Realism” in foreign policy is based upon the interests of those who actually make policy decisions, as opposed to discussing abstract ideals of a false “national interest.”

For more than a century, the Supreme Court has tried to interpret equality before the law in different and conflicting ways. While the law can divide people, it cannot be the source of bringing them together.

There is no "trust fund" or contract. Social security is nothing more than a scheme to take money from current wage earners and hand it over to others. It is functionally a welfare program. 

What we often call pollution is really a property rights problem. 

Not all debt is equal. When lending comes from real savings, the economy benefits, but when it arises from government credit expansion, it usually ends in economic disaster.

Government agents claim they are protecting us from enemies, foreign and domestic. If that is the case, then the best thing these agents can do would be to liquidate the government itself.

Socialism's failures are well-known, but true believers abound that insist that this time we can make it work. The question is why anyone still believes in it at all.

Liechtenstein is Europe’s wealthiest nation despite its tiny size. A limited state and free trade provide the foundation for this nation’s wealth.

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